The End of Redevelopment
Due to ABX1 26 the Rialto Redevelopment Agency has been dissolved as a public entity effective February 1, 2012 along with all other redevelopment agencies in the State of California. The elimination of Rialto Redevelopment Agency will mean the end to the City’s most powerful economic development tool, as well as the end several planned major infrastructure and affordable housing projects that would have ultimately created thousands to new jobs for the community. The termination of the Agency will also result in the demise of many existing loan and grant programs that helped revitalize and improve older commercial and residential properties in the City.
The City of Rialto has assumed the roles as the Successor Agency and will provide basic administrative support in the dissolution process and the disposition of all Agency assets. A seven member Oversight Board will oversee the payment of all existing obligations, the liquidation of all current assets of the Agency, and disposition of all proceeds and unencumbered funds to various state taxing entities. For additional information on the dissolution of the Agency and the creation of the Successor Agency, please contact John Dutrey at (909) 879-1151.